Aldermore’s 1-yr bond gets rate rise | Product News - Moneyfacts

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Aldermore’s 1-yr bond gets rate rise

Aldermore’s 1-yr bond gets rate rise

Category: Savings
Date: 20/05/2015

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Aldermore has increased the rate of its fixed rate bonds by up to 0.15%, enabling its one-year deal to maintain its position in the Moneyfacts charts.

The basics…

1 Year Fixed Rate Account now pays 1.90% on maturity (1.88% monthly), which is just below the market-leading rate for its term.

The finer details…

This account can be opened and operated by post, by phone and online with a minimum investment of £1,000.

Like many fixed rate deals, it does not allow further additions or early access to funds. Savers must therefore be comfortable with the amount they invest and the length of the term from the beginning.

Why we like it…

The rate boost to this account has reaffirmed its place in the Moneyfacts charts while the choice of monthly interest adds some welcome flexibility. However, the lack of early access means that savers must think carefully about how much they are willing to lock away for the full one-year term.

Moneyfacts rating: Excellent

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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